CURRENT AFFAIRS

Detailed explanation-1: -Kerala Chief Minister Pinarayi Vijayan has launched SV.CO, purportedly world’s first digital student incubator, as a digital makeover of the Startup Village in Kochi.

Detailed explanation-2: -JSSATE Science and Technology Entrepreneurs’ Park Starting in 2004, JSS ATE STEP is India’s first Technology Business Incubator (TBI), supported by DST.

Detailed explanation-3: -The first incubator was established in 1959 in Batavia, New York in the United States. Charles Mancuso rented space in his Batavia Industrial Center to small and starting companies and guided them through their growth process (Mancuso Business Development Group 2005). Until the 1970s, this concept was unique.

Detailed explanation-4: -A startup incubator is a collaborative program for startup companies-usually physically located in one central workspace-designed to help startups in their infancy succeed by providing workspace, seed funding, mentoring and training.